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6:36 am
Tue December 11, 2012

HSBC Agrees to Settle Money-Laundering Case

Originally published on Tue December 11, 2012 10:55 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

British banking giant, HSBC, will pay 1.9 billion dollars to the U.S. to settle allegations of money laundering. In a statement released overnight, the bank said it accepts responsibility for past mistakes. U.S. officials will have further details of the settlement later today. NPR's Jim Zarroli has more.

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Digital Life
6:36 am
Tue December 11, 2012

FTC: Apps For Children Raise Privacy Concerns

Originally published on Tue December 11, 2012 10:55 am

The Federal Trade Commission has released a report taking to task the makers of mobile apps for children. It says apps are not transparent enough about the personal information they collect. It's the latest sign the Obama administration is concerned about children's privacy online.

Business
6:36 am
Tue December 11, 2012

The Last Word In Business

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: lost down under.

Back in September, iPhone users slammed Apple for its new map app, which replaced Google Maps in a software update.

DAVID GREENE, HOST:

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Business
6:36 am
Tue December 11, 2012

SEC Head Schapiro To Step Down This Week

Originally published on Tue December 11, 2012 10:55 am

David Greene talks to Mary Schapiro, chairman of the Securities and Exchange Commission, about her tenure. After almost four years on the job she is stepping down this week.

Business
6:36 am
Tue December 11, 2012

Could The Opportunity Credit Be Eliminated?

Originally published on Tue December 11, 2012 10:55 am

Transcript

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

DAVID GREENE, HOST:

As we head into the holiday season, political leaders are un-merrily locked in a battle over how to cut federal spending and raise revenue - and this could mean meddling with tax deductions that many Americans hold dear.

RENEE MONTAGNE, HOST:

So this week and next, we're taking a closer look at individual deductions and tax credits that might be on the chopping block.

(SOUNDBITE OF SONG, "12 DAYS OF CHRISTMAS")

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Business
6:36 am
Tue December 11, 2012

Climbing Corporate Ladder Is Slow Going For Women

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

A new report out this morning finds women are still not making much progress moving up the corporate ladder. Only a small number of senior executives at Fortune 500 companies are women, and the nonprofit group Catalyst shows the number has not changed much in years. NPR's Wendy Kaufman reports.

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Business
6:36 am
Tue December 11, 2012

Business News

Originally published on Tue December 11, 2012 10:55 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a controversial battery buy.

(SOUNDBITE OF MUSIC)

Economy
6:36 am
Tue December 11, 2012

The 'Fiscal Cliff' For English Majors

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

Let's take that idea of playing out a little further now. The budget standoff has been described in all sorts of dramatic terms. So we decided to look into what the great works of the stage can tell us about this debate over tax hikes and spending cuts, and how it will play out. Think of it as "The Fiscal Cliff for English Majors."

NPR White House correspondent - and English major - Ari Shapiro has this take.

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NPR Story
6:26 am
Tue December 11, 2012

Syrian Army Said To Be Readying Chemical Weapons

Originally published on Tue December 11, 2012 10:55 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

The warnings have come from the White House, Western capitals and the U.N. Syria's president, Bashar al Assad, must not use chemical weapons against the rebels and his people.

Publicly, Syrian officials deny having a chemical stockpile. They insist they would never use one if they had one. But U.S. officials have said there are signs that the Syrian army is readying its chemical arsenal for use.

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NPR Story
6:26 am
Tue December 11, 2012

The Lost Art Of Budget Negptoatopms

Originally published on Tue December 11, 2012 10:55 am

Transcript

RENEE MONTAGNE, HOST:

President Obama and House speaker John Boehner have been holding private conversations about how to avoid the fiscal cliff, but still no deal. That has many in Washington talking about how it wasn't always so difficult to get things done. For some insight, we called John Danforth. He's a former Republican senator from Missouri and spent decades forging deals across the aisle, including the 1986 tax reform law under President Reagan. As he sees it, lawmakers aren't approaching the current problem from the right angle.

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